The housing market in the Greenwood, SC Metro Area is doing very well. The median value of a home in this area is $139,600, which is significantly lower than the national median value of $338,100. This low median value makes home ownership much more accessible to people in the area. In addition, the appreciation rate of homes in the Greenwood Metro Area has been increasing at a rate of 12.74%, which is higher than the US 1 year House Appreciation rate of 8.27%. This combination of low median value and high appreciation rates makes now an excellent time for people to invest in property in Greenwood or simply buy a home for themselves.
The median home cost in Greenwood Metro Area is $139,600. Home appreciation the last 10 years has been 104.5%. Home Appreciation in Greenwood Metro Area is up 21.9%.
Average Age of Homes
- The median age of Greenwood Metro Area real estate is 39 years old
The Rental Market in Greenwood Metro Area
- Renters make up 26.4% of the Greenwood Metro Area population
- 2.0% of houses and apartments in Greenwood Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.